Jay-Z Sues Dallas-Based Highland Capital and NexBank Over Failed Hotel Development
In short: Jay-Z borrowed the money in '07 from another lender that sold the note to Highland Capital -- and then the economy went boom, taking with it the bucks and the blueprint for the J Hotel. (See what I did there? No? Dang it.) In filings, Jay-Z claims the money men "intentionally dragged out talks to renegotiate his $52 million note so they could reap $20,000 a day in interest and fees." To which Highland Capital says, Nuh-unh.